World Bank Group
World Bank Group in International Trade
Meaning of World Bank Group, according to the Dictionary of International Trade (Global Negotiator): The World Bank Group is a specialized United Nations agency dedicated to improving living standards in developing countries through facilitation and financing development and investment. There are five organizations within the Group:
International Bank for Reconstruction and Development (IBRD) provides low-cost developmental loans for reasonably creditworthy sovereign buyers by issuing bonds backed by its own triple-A rating.
International Development Association (IDA) provides low cost development loans for less-developed nations from funds donated by nearly 40 countries.
Multilateral Investment Guarantee Agency (MIGA) provides political risk coinsurance and reinsurance for investment in client-developing countries.
International Finance Corporation (IFC) finances and advises for private-sector ventures and projects in developing countries.
International Centre for Settlement of Investment Disputes (ICSID) provides facilities for conciliation and arbitration of disputes.
Over 180 countries are members of the World Bank Group. See also International Monetary Fund. Website.
World Bank Group
Embracing mainstream international law, this section on world bank group explores the context, history and effect of the area of the law covered here.
World Bank Group (WBG)
This section provides an overview of world bank group (wbg) within the legal context of Development Institutions in international economic law, with coverage of Architecture.
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See Also
- World Bank
- Bank Regulation
- History of Banking
- Functions of the World Bank
Resources
Further Reading
- Mark S Ellis, “World Bank Group (WBG),” Elgar Encyclopedia of International Economic Law, Cheltenham Glos (United Kingdom), Northampton, MA (United States)
Resources
Further Reading
- The entry “world bank group” in the Parry and Grant Encyclopaedic Dictionary of International Law (currently, the Encyclopaedic Dictionary of International Law, 2009), Oxford University Press